The PRC and the US Signed Antitrust Memorandum of Understanding to Promote Antitrust Cooperation between the Two Countries By Yi XUE 2011-08-01

On July 27, 2011, China agencies and US Antimonopoly agencies signed the Memorandum of Understanding on Antitrust and Antimonopoly Cooperation between the United States and the People’s Republic of China. When a multinational enterprise is required to report a business concentration both to the PRC and the US, PRC Antimonopoly agencies and US Antitrust Agencies are very likely to communicate and cooperate on material matters related to the business concentration filing.